Contract: A legally binding agreement between two or more parties that outlines the terms and conditions of their relationship.
Intellectual Property (IP): Legal rights that protect creations of the mind, such as patents, trademarks, copyrights, and trade secrets.
Non-Disclosure Agreement (NDA): A legal contract that outlines the confidential information that parties wish to share with each other for certain purposes but restrict from third parties.
Liability: Legal responsibility for one’s actions or debts.
Corporate Governance: The system of rules, practices, and processes by which a company is directed and controlled, often involving the relationship between a company’s management, board of directors, shareholders, and other stakeholders.
Compliance: Ensuring that a business follows all applicable laws, regulations, and industry standards.
Arbitration: A method of resolving disputes outside the court system, where a neutral third party makes a binding decision.
Lawsuit: A legal action started by a plaintiff against a defendant based on a complaint or petition.
Tort: A civil wrong that causes harm or loss for which the injured party can seek damages.
Indemnity: The legal obligation to compensate another party for certain losses or damages.
Force Majeure: A clause in a contract that excuses a party from performing its contractual obligations due to unforeseen events beyond its control.
Regulatory Compliance: Adhering to laws, rules, and regulations set by government authorities relevant to a specific industry.
Antitrust Laws: Laws that regulate and prevent anticompetitive behavior in the marketplace.
Due Diligence: The process of thoroughly investigating and verifying the details of a business transaction or investment.
Corporate Veil: The legal concept that separates the actions and liabilities of a corporation from those of its shareholders, protecting personal assets.
Power of Attorney: A legal document that authorizes one person to act on behalf of another in legal matters.
Preliminary Injunction: A court order that prevents certain actions or activities until a legal dispute is resolved.
Bankruptcy: A legal status of a person or organization that cannot repay their debts, leading to a process governed by the court.
Statute of Limitations: The legally defined time limit within which legal proceedings must be initiated.
Regulatory Compliance: Adhering to laws, rules, and regulations set by government authorities relevant to a specific industry.
